Korea Investment CORP Has $108.36 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Korea Investment CORP lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,432,742 shares of the company’s stock after acquiring an additional 281,200 shares during the period. Korea Investment CORP’s holdings in Palantir Technologies were worth $108,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Prestige Wealth Management Group LLC increased its holdings in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the period. Roxbury Financial LLC bought a new position in Palantir Technologies during the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its position in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the period. Finally, HighMark Wealth Management LLC grew its holdings in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada upped their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. DA Davidson raised their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Citigroup upped their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Finally, Mizuho increased their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $74.45.

Insider Buying and Selling

In other news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the transaction, the insider now owns 170,273 shares in the company, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock valued at $281,528,938 in the last 90 days. 12.93% of the stock is owned by insiders.

Palantir Technologies Trading Down 4.4 %

Palantir Technologies stock opened at $92.28 on Thursday. The firm has a market capitalization of $216.43 billion, a P/E ratio of 485.71, a PEG ratio of 10.84 and a beta of 2.81. The business has a 50-day moving average of $91.28 and a 200-day moving average of $68.54. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.